someone school me on PayPal

[Guest_User]

ok, I`ve never had PP, always had the use of a trusted friends account, but I didn`t abuse the offer.

I`m not techy whens it comes to stuff like this. Seems if you want something these days, people prefer paypal immediately.

what I want to know is,

How is it set up,
from what accounts do the monies exchange hands?
are there safe gaurds in place?


I`ve read numerous issues over the years with funds getting pulled by PP, and funds not getting returned, and people in general just being a d-ck and not sending the product.


what is gauranteed when using PP?

and what`s the skinny on PP`s fee`s?

are their any tax issues at the end of the year, like a 1099 form or any ties like that?


Thanks people for the info.!:cheers:

I always prefered cash n carry/ checks, MO`s, the old trusted ways...

 

[midway]

Ok, PP is safe, PP does not charge a buyer a fee, PP gives you certain protection on your purchases online through them. As to how it is set up, create an account, I have a debit card and a CC set up in their system, you can set up only a checking account, a debit card, or a credit card. Yes there are safegaurds in place. I have used it to buy for years and never had a problem of any kind, could it happen, sure it could, but they do everything they can to protect the users. I will say that if you have a lot of places that want PP, get it. No, I cannot guarantee that something bad may happen, I can say that nothing has never happened to me. You set up an email address to use with PP, I have multiple email addresses, today I got an email in an email address not connected to PP, do not respond to those, in fact be careful what you do respond to. You will get an email when you make a purchase, it is a receipt for the purchase. DO NOT click on any link in an email that appears to be from PP, go to PP, log in and see if you need to do anything. You can set up your cell phone, home phone or whatever phone as a place to notify you in case of possible fraud.

 

[Guest_User]

so you can use an email address you already have, or do you need to create a new one?

 

[Sportster-2001-951C-Stock]

Register your current email address, you can log into your account and change it anytime you need to.

 

[LouDoo]

One thing I use on PayPal is the Bill Me Later feature. Then you only need to make one payment a month. It works kinda like a credit card, if you pay off the balance there's no interest and if you want to extend the payments purchases over $100.00 qualifies for 6 month free financing.

Lou

 

[Spimothy Leary]

5 years and maybe a thousand purchases and sales and zero complaints about PayPal.

nothing to fear.

I just set up an account for my dad few months ago it took about 4 minutes to do the online form put in credit card info to verify identity and so forth he was up and running in a day or so

 

[Guest_User]

thanks to those that reply`d. I have a PP account now...:cheers:

 

[roberth2013]

Same here hundred of purchases with pay pal when your buying online or otherwise, the seller only has access to your paypal account only pay pal has access to your bank account,, using them has saved my bacon on several occasions,, the only thing I use online or on ebay never had one issue with them

 

[Coastiejoe]

I have tens of thousands worth of money going in and out of PP. This month alone with just iPhones, Ipads and mini Ipads I have spent over 5 grand.

One thing I would do is us a CC as you can go to the CC company to dispute things if need be.

I still have my debit card attached to it but have had it on there for something like 10 years now.

 

[Luv2Camp]

I have been using Pay Pal since just about the inception. They are MUCH better today if you have a dispute. Having said that, I still use my credit card as the primary source for funding and my bank account as the back up. If you have an issue and Paypal refuses to work with you, you can still dispute with your credit card company. About 10 years ago, I bought what was supposed to be a brand new Electrolux central vac kit. Turns out the attachments were new but the canister and motor was used. Paypal refused to do anything unless I sent it back to him and he needed to verify it was sent back. I was concerned about sending it back because the guy scammed me once. I was ok with keeping it but wanted to negotiate a fair amount value for it being a used unit. I disputed with my credit card company and they gave me a 50% refund.

 

[RodInEscondido]

I was with PayPal as a buyer way back when. Everything worked well, PayPal was connected to a credit card.

Spin forward a coupla years and I decided I wanted to sell stuff on Ebay and accept PayPal. PayPal insisted on having access to a bank account, which makes sense for deposits from sales. Foolish me (in retrospect) for using an established checking account with a credit union that was backed up by a savings account. There was no mention that PayPal then defaulted to using the bank account for my sales AND PURCHASES. Shortly after I made a couple purchases I detected that PayPal had drained my checking and savings account and would not communicate with me. I needed to file fraud claim with my credit union and eventually got my money back. There were a lot of lawsuits against PayPal relating to these practices.

PayPal blacklisted me and the only access allowed to my account directed me to sigh their NEW P&P form. After a bunch of years I did recently get a new account.

My personal advice is to establish a completely separate checking account for dealing with PayPal, use it exclusively for that and insure there is not enough $ lingering in the account to hurt you financially if a buyer complains and PayPal freezes your money.

One of these days I will take another shot at selling stuff.

Rod

 

[JackJones]

What midway said is spot on and exactly what I would say to you. Never had a problem and totally safe, never click links in emails is good advice! Go set it up


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